Second Regional Bank Hit by Bank Run After SVB Collapse, Investor David Sacks Reveals
Former PayPal executive, tech investor, and entrepreneur David Sacks has revealed that another bank run is already underway at a second regional bank following the
Article written by Lisa Choo
Coinbase Explores Banking Features Amid Turmoil at Silicon Valley Bank
The cryptocurrency community is reeling from the fallout of the closure of three major American banks, with many calling for neobank services to be established
Signature Bank Succumbs to Pressure, Causing Concern for Federal Authorities
On March 12, the Federal Reserve closed Signature Bank, a crypto-focused bank in the United States. The closure was prompted by concerns about the systemic
Binance Converts Industry Recovery Funds to Bitcoin, Binance Coin, and Ethereum
Binance moves to convert the remainder of its $1 billion Industry Recovery Initiative funds to native cryptocurrencies. This time, the converted assets include Bitcoin, Binance
USDC Stablecoin Loses 13% of Value Following Circle’s Silicon Valley Bank Disclosure
The world of cryptocurrencies has been in turmoil in recent days as the USDC stablecoin, the second-largest by market cap, experienced a sharp drop in
Crypto Exchanges Coinbase and Binance Suspend USDC Conversions, Rattled by Depegging Concerns
Top cryptocurrency exchanges Binance and Coinbase have temporarily suspended USDC conversions, adding to the panic in the crypto market. The suspensions came after Circle, the
US SEC Files Complaint Against BKCoin and Co-Founder for Orchestrating a $100 Million Scam
The US Securities and Exchange Commission (SEC) has filed an action against financial advisory firm BKCoin and its co-founder Kevin Kang for allegedly defrauding investors
Justin Sun Commits $100 Million to Create Huobi Liquidity Fund through USDC Transfer
Huobi has created a $100 million liquidity fund to protect against sudden drops in the HT token’s value. This move came in response to a
Huobi Token Crashes 93% in Minutes, Justin Sun Cites Market Fluctuations and Forced Liquidations
Huobi Token (HT) experienced a sudden flash crash in the early hours of March 10, dropping from around $4.70 to below $0.40 in just minutes.
KuCoin Faces Regulatory Backlash for Unregistered Securities Sale in New York
KuCoin, one of the largest crypto exchanges, is in trouble as it faces a lawsuit from the New York Attorney General’s office over the sale
US Government Looks to Increase Revenue with Proposed 30% Tax on Crypto Mining
The Biden administration has recently proposed a new tax on cryptocurrency miners and the elimination of tax-deductible losses related to wash-trading of crypto tokens. This
Crypto Startup Proven Lands $15.8M in Seed Round Financing
Proven, a developer of zero-knowledge proofs (ZK) technology that helps exchange and asset management clients prove their solvency, has raised $15.8 million in a seed
Indian Crypto Community Backs Govt’s Fight Against Money Laundering
The Indian government’s recent move to bring the crypto sector under the Prevention of Money Laundering Act (PMLA) has sparked a discussion on whether this
Uncertainty Lingers for Crypto in Thailand Despite Government’s Tax Incentives
Thailand’s Finance Ministry announced on February 7th that it would waive corporate income tax and value-added tax for firms conducting initial coin offerings (ICOs) for
FTX Legal and Accounting Team Rack Up $40M in Billable Hours in Just 30 Days
Bankruptcy lawyers representing embattled crypto exchange FTX have submitted an invoice for a staggering $38 million for their services. This comes as creditors are seeking
Kraken Pushes Ahead with Launch of Crypto Bank Despite Regulatory Issues in the US
Kraken, the US-based cryptocurrency exchange, announced its plan to open a crypto bank in Wyoming last year. The bank, designated as a special purpose depository